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Fortinet Inc (FTNT)
58.88  -6.32 (-9.69%) 05-03 16:00
Open: 61.86 Pre. Close: 65.2
High: 62.49 Low: 58.793
Volume: 15,871,063 Market Cap: 44,927(M)
Stock Technical Analysis
Overall:     
Target: Six months: 79.38
One year: 86.00
Support: Support1: 58.79
Support2: 48.92
Resistance: Resistance1: 67.96
Resistance2: 73.63
Pivot: 63.90
Moving Averages: MA(5): 63.02
MA(20): 64.90
MA(100): 65.12
MA(250): 64.04
MACD: MACD(12,26): -1.44
Signal(12,26,9): -1.15
%K %D: %K(14,3): 22.15
%D(3): 21.19
RSI: RSI(14): 30.36
52-Week: High: 81.24
Low: 44.12
Change(%): -8.8
Average Vol(K): 3-Month: 5041
10-Days: 5550
Prices Prediction (Update @5:00pm)
If tomorrow: Open lower Open higher
High: 62.563 - 62.893 62.893 - 63.173
Low: 58.037 - 58.397 58.397 - 58.704
Close: 58.293 - 58.9 58.9 - 59.416
Price, MAs and Bollinger Bands
Price has closed below its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is BEARISH in short-term; and NEUTRAL in mid-long term.

[ FTNT ] has closed below the lower bollinger band by 34.8%. If price is in a downtrend band; this downward trend might continue. However a short term pullback inside the band is likely. Bollinger Bands are 15.4% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.
Company profile
Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, web filtering, anti-spam, and wide area network acceleration. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers their end devices; FortiAP product family, which provides secure wireless networking solutions; FortiExtender, a hardware appliance; FortiAnalyzer product family, which offers centralized network logging, analyzing, and reporting solutions; and FortiManager product family that provides central and scalable management solution for its FortiGate products. It offers FortiWeb product family provides web application firewall solutions; FortiMail product family that secure email gateway solutions; FortiSandbox technology that delivers proactive detection and mitigation services; FortiClient that provides endpoint protection with pattern-based anti-malware, behavior-based exploit protection, web-filtering, and an application firewall; FortiToken and FortiAuthenticator product families for multi-factor authentication to safeguard systems, assets, and data; and FortiEDR/XDR, an endpoint protection solution that provides both comprehensive machine-learning anti-malware execution and real-time post-infection protection. It provides security subscription, technical support, professional, and training services. It sells its security solutions to channel partners and directly to various customers in telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare industries. It has strategic alliance with Linksys. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California.
Stock chart
Stock News
Sat, 04 May 2024
Fortinet (FTNT) to Report Q3 Earnings: What's in the Offing? - MSN

Fri, 03 May 2024
Fortinet, Inc. (NASDAQ:FTNT) Q1 2024 Earnings Call Transcript - Yahoo Finance

Fri, 03 May 2024
Fortinet (FTNT) Q1 Earnings Beat Expectations, Sales Rise Y/Y - Yahoo Finance

Fri, 03 May 2024
Fortinet (FTNT) Q1 Earnings Beat Expectations, Sales Rise Y/Y - Zacks Investment Research

Thu, 02 May 2024
Fortinet (FTNT) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates - Yahoo Finance

Thu, 02 May 2024
Fortinet Inc (FTNT) Q1 2024 Earnings: Aligns with EPS Projections, Surpasses Revenue Estimates - Yahoo Finance

Financial Analysis
Price to Book Value: Underperform
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Outperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Outperform
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Underperform
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Underperform
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Stock Basics & Statistics
Exchange:  NASDAQ Global Select
Sector:  Technology
Industry:  Software - Infrastructure
Shares Out. (M) 763.03
Shares Float (M) 640.99
% Held by Insiders 16.27
% Held by Institutions 70.03
Shares Short (K) 13190
Shares Short Prior Month (K) 12860
Stock Financials
EPS 1.460
Book Value (p.s.) -0.610
Profit Margin 21.64
Operating Margin 27.15
Return on Assets (ttm) 11.5
Return on Equity (ttm)
Qtrly Rev. Growth 10.3
Gross Profit (p.s.)
Sales Per Share 6.946
EBITDA (p.s.) 1.769
Qtrly Earnings Growth 3.50
Operating Cash Flow (M) 1940.00
Levered Free Cash Flow (M) 1440.00
Stock Valuation
PE Ratio 40.33
PEG Ratio 2.56
Price to Book value -96.52
Price to Sales 8.48
Price to Cash Flow 23.16
Stock Dividends
Dividend
Dividend Yield
Dividend Growth

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